Massachusetts Homes Sales Up Again In August?

Were single-family home sales up again in August? Well, it depends on who you ask.

The Massachusetts Association of REALTORS® (MAR) released data September 24, 2007 that showed single-family homes sales in August increased 6.6 percent compared to August 2006. The trade group also reported that condo sales in the Commonwealth rose 3.4 percent.

"The median selling price for single-family homes in August was $357,000, an increase of 1.4 percent compared to $352,000 in August 2006.  On a month-to-month basis, the August median selling price is down 2.4% percent compared to July."

More Massachusetts Housing Data: Download MAR_August_2007_Data.pdf

On the other hand, The Warren Group, a Boston-based publisher of real estate data, reported September 25, 2007 that single-family home sales were down 1.5 percent in August compared to August 2007 and single-family homes prices fell (4.9 percent) for the 16th straight month.

Year-to-date sales as of the end of August fell 4.7 percent, according to The Warren Group.

Condominium sales and prices across the state also fell in August. Sales were down 2.2 percent from August 2006 to August 2007. Year-to-date sales fell 4.7 percent. The median price of condominiums dropped 1.1 percent in August, The Warren Group reported.